Category Archives: Technology Stocks

Nasdaq Yearly Highs and Lows

Year 52 Wk High Date 52 Wk Low Date

2016 5,058.06 1st-Jan 4,209.764 12th-Feb
2015 5,229.00 22nd-Jul 4,292.144 25th-Aug
2014 4,814.95 27th-Dec 3,946.034 16th-Apr
2013 4,175.36 28th-Dec 2,953.524 1st-Jan
2012 3,196.93 22nd-Sep 2,627.234 5th-Jan
2011 2,887.75 2nd-May 2,298.894 5th-Oct
2010 2,675.26 22nd-Dec 2,061.144 1st-Jul
2009 2,295.80 28th-Dec 1,265.524 9th-Mar
2008 2,661.50 2nd-Jan 1,295.484 21st-Nov
2007 2,861.51 13th-May 2,331.574 14th-Mar

What do you observe from the table?
– Jan high means lots of fall down the year, but this will be known in retrospect only.
– Jan-Feb combination is not there for High-Lows, so one of these two will break in the coming months. So either a new 52 week high, or a new 52 week low is coming. Continue reading Nasdaq Yearly Highs and Lows

Google Stock Update – 19July2015

https://www.google.com/images/srpr/logo11w.png

We have been long on Google stock for a long time, and the stock has consistently rewarded our buying at lower level. Google was the super-star of the past week, going up 26% like a rocket launched into space, rising from $532 on Monday to $672 on Friday, a gain of $140 of 26.3% in the week, with most of it coming on Friday. It feels like a very strong short-squeeze because investors rarely bid up stock prices so rapidly. Therefore, whether this sharp vertical move will sustain or get sold will be determined by global market mood in the coming days. Google has shown the ability to hold large gains in the past, and it has also lost large gains rapidly many times because of profit booking. Based on Momentum indicators, this vertical rise is most likely to be sold into, and we should see correction in the coming days. Investors must consider booking some profits in Google stock. Its a windfall gain, and some profits must be taken home. Fresh stock buying in Google at current level is not advisable. Let it stabilize first.  Nasdaq also has run up rapidly from 4900 to 5200, so there may be a 100 point correction this coming week to 5100, before an upmove can resume. Traders can book profits on Nasdaq Futures, and consider buying 80-100 points lower.